Vietnam’s wood, bamboo, and rattan products sector showed strong year-over-year growth in October , even as it recorded a slight decline from the previous month. According to Vietnam’s industrial production index, output fell by .5 percent compared to September .
Year-over-year, however, the sector demonstrated substantial growth, with a 10.9 percent increase in October this year compared to October 2023. Additionally, for the January-to-October period, production was up 8.7 percent over the same period last year. These annual gains underscore the rising demand for Vietnamese wood and bamboo products, both domestically and internationally.
Moving forward, maintaining growth in wood and bamboo products may involve addressing challenges such as sustainable sourcing and meeting international standards, especially as demand for eco-friendly products continues to grow globally.
See also: Vietnam’s Wood Manufacturing Industry